Controlled Transaction definition
Controlled Transaction means a Loan, the Obligor of which is a Control Affiliate.
Controlled Transaction means a transaction between two associated enterprises;
Controlled Transaction means a transaction between associates;
More Definitions of Controlled Transaction
Controlled Transaction means (i) any Investment by the Originator or the Borrower in an Obligor so long as such Obligor was not an Affiliate of any of the Originator, Borrower or Servicer immediately prior to the origination of the Loan by the Originator; and (ii) any and all subsequent Investment(s) by the Originator or the Borrower in an Obligor or any Affiliate of the Obligor described in clause (i) above.
Controlled Transaction means one of the transactions specified in section 6(1) of this Act, other than those specified in section 6(3);
Controlled Transaction means one of the transactions specified in section 3(1) other than that specified in section 3(3);
Controlled Transaction means a transaction specified in paragraph (a) of the definition of an “affected transaction”;
Controlled Transaction means a commercial or financial transaction between connected persons;
Controlled Transaction means a transaction or arrangement between persons that are associates and controlled arrangement shall be construed accordingly;
Controlled Transaction means a Loan, the Obligor of which is a Control Affiliate. “Covenant-Lite Loan” means a Loan lacking traditional financial covenants requiring minimum interest or other debt service coverage or specifying maximum levels of leverage or other similar “maintenance” tests. “Credit Exposure” means, as to any Lender at any time, the outstanding principal amount of the Advances by such ▇▇▇▇▇▇. “Credit and Collection Policy” means those credit, collection, customer relation and service policies (i) determined by the Borrower, the Originator and the initial Servicer as of the date hereof relating to the Transferred Loans and related Loan Documents, as on file with the Administrative Agent and as the same may be amended or modified from time to time in accordance with Sections 5.1(r) and 7.9(g); and (ii) with respect to any Successor Servicer, the collection procedures and policies of such person (as approved by the Administrative Agent) at the time such Person becomes Successor Servicer. “Current Pay Loan” means any Transferred Loan (a) in respect of which the Servicer or Originator shall have taken any of the following actions: charging a default rate of interest, restricting Obligor’s right to make subordinated payments (other than payments in respect of owner’s debts and seller financings in the original loan agreement), acceleration of the Transferred Loan, or foreclosure on collateral for the Loan, (b) that is not more than thirty (30) days past due with respect to any interest or principal payments and (c) in respect of which the Servicer shall have certified (which certification may be in the form of an e-mail or other written electronic communication) to the Administrative Agent that the Servicer does not believe, in its reasonable judgment, that a failure to pay interest or ultimate principal will occur. For avoidance of doubt, a Current Pay Loan shall be an Eligible Loan and included in the Borrowing Base but shall be subject to restriction as provided in the definitions of Excess Concentration Loan Amount and Outstanding Loan Balance. A Transferred Loan shall cease to be a Current Pay Loan if it (i) becomes a Defaulted Loan through failure to satisfy the requirements set forth in clauses (b) and (c) of the preceding sentence in this definition or (ii) becomes an Eligible Loan which is no longer a Current Pay Loan (such that it is no longer subject to restriction for purposes of Excess Concentration Loan Amount and Outstanding Loan Balance calculations), ...